CEPEA: Brazil's dairy imports rise 14.5% in May, exports retreat 22%

Published 2021년 6월 18일

Tridge summary

Brazilian dairy imports rose by 14.5% in May compared to April, totaling 8.4 thousand tons due to low domestic raw material availability and the off-season period of dairy production. The devaluation of the dollar against the real in May also contributed to increased foreign purchases. Powdered milk imports surged by 26% to 4.18 thousand tons, primarily from Uruguay and Argentina, while cheese imports increased by 3.2% to 1.9 thousand tons, mainly from Argentina. However, exports fell by 22% in May, with a trade balance deficit of US$ 21.7 million, nearly doubling from April.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Even with high external prices, Brazilian dairy imports grew 14.5% in May compared to the previous month, totaling 8.4 thousand tons, according to the June Milk Bulletin of Cepea (Center for Advanced Studies in Applied Economics), of Esalq/USP. "This scenario is the result of the low availability of raw material in the Brazilian market, intensified by the off-season period of dairy production in the Southeast and Midwest", points out the publication, released this Thursday (17). "The 5% devaluation of the dollar against the real in May also favored foreign purchases of dairy products," added analysts Munira Nasrrallah and Juliana Santos, from the Leite do Cepea team, responsible for analyzing the dairy trade balance last month. According to data from Secex, imports of powdered milk totaled 4.18 thousand tons in May, 26% more than in April and corresponding to 49.7% of the total volume of imported dairy products in the month. The main suppliers of the derivative were Uruguay and ...

Source: Agroemdia